Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31The principal activity of the company was that of environmental consultancy services.2022-06-01false46truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07256990 2022-06-01 2023-05-31 07256990 2021-06-01 2022-05-31 07256990 2023-05-31 07256990 2022-05-31 07256990 c:Director1 2022-06-01 2023-05-31 07256990 d:MotorVehicles 2022-06-01 2023-05-31 07256990 d:MotorVehicles 2023-05-31 07256990 d:MotorVehicles 2022-05-31 07256990 d:CurrentFinancialInstruments 2023-05-31 07256990 d:CurrentFinancialInstruments 2022-05-31 07256990 d:Non-currentFinancialInstruments 2023-05-31 07256990 d:Non-currentFinancialInstruments 2022-05-31 07256990 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07256990 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 07256990 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07256990 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 07256990 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 07256990 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 07256990 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 07256990 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 07256990 d:ShareCapital 2023-05-31 07256990 d:ShareCapital 2022-05-31 07256990 d:RetainedEarningsAccumulatedLosses 2023-05-31 07256990 d:RetainedEarningsAccumulatedLosses 2022-05-31 07256990 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 07256990 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 07256990 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2023-05-31 07256990 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2022-05-31 07256990 c:FRS102 2022-06-01 2023-05-31 07256990 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 07256990 c:FullAccounts 2022-06-01 2023-05-31 07256990 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 07256990 2 2022-06-01 2023-05-31 07256990 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number:  07256990














EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
REGISTERED NUMBER: 07256990

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
62,858
97,484

Debtors: amounts falling due within one year
 5 
134,520
17,933

Cash at bank and in hand
 6 
152,892
45,872

  
350,270
161,289

Creditors: amounts falling due within one year
 7 
(278,405)
(88,459)

Net current assets
  
 
 
71,865
 
 
72,830

Total assets less current liabilities
  
71,865
72,830

Creditors: amounts falling due after more than one year
 8 
(21,595)
(31,568)

  

Net assets
  
50,270
41,262


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
50,170
41,162

  
50,270
41,262


Page 1

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
REGISTERED NUMBER: 07256990
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S P Rowan
Director

Date: 21 February 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (07256990). The address of the registered office is Fron Fawr Farm, Llanfairtalhaiarn, Abergele, Clwyd, LL12 8DJ.
These financial statements present information about the Company as an individual undertaking. It is not a member of a group of companies. The principal activity of the Company was that of environmental consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 5

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.15

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

2023
2022
£
£

Wages and salaries
112,667
101,617

Social security costs
6,247
6,354

Cost of defined contribution scheme
3,958
5,178

122,872
113,149


The average monthly number of employees, including directors, during the year was 4 (2022 - 6).

Page 7

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 June 2022
48,147



At 31 May 2023

48,147



Depreciation


At 1 June 2022
48,147



At 31 May 2023

48,147



Net book value



At 31 May 2023
-



At 31 May 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
119,042
10,510

Other debtors
13,161
5,033

Prepayments and accrued income
2,317
2,390

134,520
17,933



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
152,892
45,872

152,892
45,872


Page 8

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,973
9,727

Trade creditors
184,840
3,324

Other taxation and social security
1,624
969

Other creditors
73,964
61,064

Accruals and deferred income
8,004
13,375

278,405
88,459



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
21,595
31,568

21,595
31,568



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,973
9,727

Amounts falling due 1-2 years

Bank loans
10,225
9,973

Amounts falling due 2-5 years

Bank loans
11,370
21,595


31,568
41,295


Page 9

 
EARTH & MARINE ENVIRONMENTAL CONSULTANTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Hire purchase and finance leases


2023
2022
£
£

 
-
 
-


11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
152,892
45,872

Financial assets measured at amortised cost
119,714
93,951

272,606
139,823


Financial liabilities


Financial liabilities measured at amortised cost
298,376
118,010


Financial assets measured at fair value through profit or loss comprise of cash at bank.


Financial assets measured at amortised cost comprise of trade and other debtors.


Financial liabilities measured at amortised cost comprise of bank overdraft, bank loans, trade creditors, other creditor and accruals.


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,958 (2022 - £5,178).


13.


Related party transactions

Included within other creditors is an amount owed to S P Rowan, a director, of £73,964 (2022 - £61,064). There are no repayment terms in place and interest of £1,000 (2022 - £1,000) has been charged.


14.


Controlling party

The Company is under the control of S P Rowan, a director, by virtue of his majority shareholding.

Page 10